Opawica Announces Increase to Private Placement
24 Novembre 2011 - 1:53AM
Marketwired
Opawica Explorations Inc. (TSX VENTURE:OPW) ("Opawica" or the
"Company") - Further to its news release of November 7, 2011, the
Company announces that its proposed financing has increased by
1,400,000 units and now consists of up to 4,400,000 units at $0.05
per unit for total proceeds of up to $220,000.
All other terms of the financing as detailed in the November 7,
2011 news release remain the same.
OPAWICA EXPLORATIONS INC.
Opawica is a Canadian mineral exploration company that has been
operating as such for over 30 years. The Company owns 100% of the
Atikwa Lake project near Kenora, Ontario, and may acquire up to
100% of the Cascallen-Whitesides property in the West Timmins gold
district, Ontario (subject to closing conditions, see March 25,
2011 Opawica press release) and owns 100% of the Bro Property which
is a precious and base metal prospect located in Yukon, Canada.
In addition, Opawica owns 6,914,852 shares (19.2%) of Upper
Canada Gold Corporation (TSX VENTURE:UCC).
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Opawica contains statements that constitute
"forward-looking statements." Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause Opawica's actual results, performance or
achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Forward looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Forward-looking statements in this document include statements
regarding Opawica's expectations regarding ownership, entitlements,
drilling and exploration activities on properties in which Opawica
has, or believes it has an interest. There can be no assurance that
such statements will prove to be accurate. Actual results and
future events could differ materially from those anticipated in
such statements, and readers are cautioned not to place undue
reliance on these forward-looking statements. Any factor could
cause actual results to differ materially from Opawica's
expectations. Opawica undertakes no obligation to update these
forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change, unless
otherwise required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Opawica Explorations Inc. Donald (Dan) Clark Chairman
604-681-3170 604-681-3552 (FAX)dan@opawica.comwww.opawica.com
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